Paul Volcker on the Federal Reserve

Paul Volcker fears long-term damage in Fed bashing
September 20, 2012
Interview with: Paul Volcker, Belfer Center International Council member
Topic: Federal Reserve

“Former Federal Reserve Chairman Paul Volcker believes it is a ‘troublesome time’ for the U.S. central bank as it becomes increasingly mired in political debates. In an interview with Reuters TV’s Impact Players, Volcker said the Federal Reserve itself has not become politicized, but he warned that Fed-bashing from critics in Congress could diminish confidence in the agency and hamper its effectiveness.” 

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